Figures released today by the Factors & Discounters Association (FDA)
demonstrate a significant increase in UK businesses using asset-based
finance for export...
The Factors & Discounters Association (FDA) has released its latest figures
showing UK businesses are not only turning to asset based finance for their
UK operations, but are increasingly using it for international export and
expansion.
The dramatic increase for international services was particularly
demonstrated within the export invoice discounting sector - which showed the greatest increase in client sales, up 33 per cent from June last year.
The asset-based finance sector as a whole has also continued to experience
strong growth, with increased funds provided to clients, up by 13 per cent
to Ј6.8 billion compared with a year earlier.
Commenting on these figures FDA Chairman Paul Hancock said:
